NEPAL RASTRA BANK
We have also made it easy and quick to access Forex rates for Nepal. Visit and Bookmark this Forex page of Nepali Blogger. You can also request the exchange rate for previous dates from the form below. Apart from the official exchange rates provided by the Nepal Rastra Bank exchange rate above, you can also see the exchange rate from one more source below. The open market exchange rates are provided and fixed by Nepal Rastra Bank, the central bank of Nepal.
The exchange rates are solely provided for the purpose of the bank. View the Nepali Rupees exchange rates from one more websites embedded below.
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Wednesday, October 3, Transportation cost, demurrage charge, and insurance charge make the goods more expansive. It takes longer time as well. It imports a lot of goods of daily uses and also expansive luxurious items. This has caused tremendous trade imbalance. Its products are generally of low quality. At the same time, due to various reasons, the cost of production is also high. This makes Nepali products unable to compete in international markets. Nepal Must have economic Plan. Nepal has economic plan.
Economic Planning is defined as conceiving, initiating, regulating and controlling economic activity by the state according to set priorities with a view to achieving well-defined objectives within a given time.
If we have to define economic planning in simple words, then we can define it as the branch of planning in which nation decides in advance what to be done. It is making major economic decisions by a determinate authority on the basis of a comprehensive survey of the economy as a whole. Such decisions include what and how much to produce; how, when and where it is to be produced; and to whom it is to be allocated.
In reference to underdeveloped countries, it is defined as a conscious effort on the part of any government to follow a definite pattern of economic development in order to promote rapid and fundamental change in the economy and society. These days, almost every developing country has its own economic plans.
There are diverse areas that need to be developed simultaneously: Hence, economic planning is important for the full and effective utilization of national resources for the benefits of general people, economic development and stability of the country. The history of economic planning is not very long in Nepal. There were some attempts made to introduce economic planning during the time of Rana Prime Ministers: Juddha Shumsher and Mohan Shumsher, but all in vain. Nepal Rastra Bank is the central bank of Nepal.
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